Proposed Collection; Comment Request for Form 1099-LTC, 19173 [2014-07726]
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Federal Register / Vol. 79, No. 66 / Monday, April 7, 2014 / Notices
NSR’s filing of a notice of
consummation by April 7, 2015, and
there are no legal or regulatory barriers
to consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
Decided: April 2, 2014.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Derrick A. Gardner,
Clearance Clerk.
[FR Doc. 2014–07719 Filed 4–4–14; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–LTC
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13(44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
1099–LTC, Long-term Care and
Accelerated Death Benefits.
DATES: Written comments should be
received on or before June 6, 2014 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Kerry Dennis at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
Internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Long-Term Care and
Accelerated Death Benefits.
OMB Number: 1545–1519.
Form Number: 1099–LTC.
Abstract: Payers of benefits under a
qualified long-term care insurance
contract, and any payer of accelerated
death benefits under a life insurance
contract are required to report the gross
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:49 Apr 04, 2014
Jkt 232001
amount of such benefits made to a payee
in a tax year (Section 6050Q). Form
1099–LTC is used to report the gross
amount of Long term Care benefits.
Current Actions: There are no changes
being made to the form at this time,
however the Department has updated
the burden associated with the ICR to
reflect its most recent data on Form
1099–LTC filings. We estimate 213,453
additional filings which will increase
our estimates from 79,047 to 292,500.
The estimate is based on updated filing
projections and previous year filings.
There are no additional program
changes that will affect the burden
estimates.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations, individuals or
households, not-for-profit institutions,
and state, local or tribal governments.
Estimated Number of Responses:
292,500.
Estimated Time per Response: 13
minutes.
Estimated Total Annual Burden
Hours: 67,275.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
PO 00000
Frm 00129
Fmt 4703
Sfmt 4703
19173
Approved: March 19, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–07726 Filed 4–4–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1065, 1065–X and
schedules.
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
1065 (U.S. Return of Partnership
Income), 1065X (Amended Return or
Administrative Adjustment Request),
Schedule C (Additional Information for
Schedule M–3 Filers), Schedule D
(Capital Gains and Losses), Schedule K–
1 (Partner’s Share of Income, Credits,
Deductions and Other Items), Schedule
L (Balance Sheets per Books), Schedule
M–1 (Reconciliation of Income (Loss)
per Books With Income (Loss) per
Return)), Schedule M–2 (Analysis of
Partners’ Capital Accounts), Schedule
M–3 (Net Income (Loss) Reconciliation
for Certain Partnerships), and Schedule
B–1, Information on Partners Owning
50% or More of Partnerships).
DATES: Written comments should be
received on or before June 6, 2014 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Christie Preston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form(s) and instructions
should be directed to Allan Hopkins, at
Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington DC 20224, or through the
Internet, at Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Form 1065 (U.S. Return of
Partnership Income), 1065X (Amended
Return or Administrative Adjustment
Request), Schedule C (Additional
SUMMARY:
E:\FR\FM\07APN1.SGM
07APN1
]]>Agencies
[Federal Register Volume 79, Number 66 (Monday, April 7, 2014)]
[Notices]
[Page 19173]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-07726]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1099-LTC
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13(44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 1099-LTC, Long-term Care and Accelerated Death Benefits.
DATES: Written comments should be received on or before June 6, 2014 to
be assured of consideration.
ADDRESSES: Direct all written comments to Christie Preston, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Kerry Dennis
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Long-Term Care and Accelerated Death Benefits.
OMB Number: 1545-1519.
Form Number: 1099-LTC.
Abstract: Payers of benefits under a qualified long-term care
insurance contract, and any payer of accelerated death benefits under a
life insurance contract are required to report the gross amount of such
benefits made to a payee in a tax year (Section 6050Q). Form 1099-LTC
is used to report the gross amount of Long term Care benefits.
Current Actions: There are no changes being made to the form at
this time, however the Department has updated the burden associated
with the ICR to reflect its most recent data on Form 1099-LTC filings.
We estimate 213,453 additional filings which will increase our
estimates from 79,047 to 292,500. The estimate is based on updated
filing projections and previous year filings. There are no additional
program changes that will affect the burden estimates.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations,
individuals or households, not-for-profit institutions, and state,
local or tribal governments.
Estimated Number of Responses: 292,500.
Estimated Time per Response: 13 minutes.
Estimated Total Annual Burden Hours: 67,275.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number.
Books or records relating to a collection of information must be
retained as long as their contents may become material in the
administration of any internal revenue law. Generally, tax returns and
tax return information are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: March 19, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-07726 Filed 4-4-14; 8:45 am]
BILLING CODE 4830-01-P
